what are the two main factors of production
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Land, labor, and capital as factors of production were originally identified by the early political economists such as Adam Smith, David Ricardo, and Karl Marx. Today, capital and labor remain the two primary inputs for the productive processes and the generation of profits by a business.
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WHAT ARE THE TWO MAIN FACTORS OF PRODUCTION
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They are commonly broken down into four elements: land, labor, capital, and entrepreneurship. However, commentators sometimes refer to labor (working and fixed capital ) and capital as the two primary factors of production.
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